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NIFTY: BUY | TGT 12,400 | SL: 12,225
Nifty closed well in the positive territory in the last trading session and with that it has managed to provide a breakout from the symmetrical triangular pattern formed on the daily as well as hourly charts. The daily as well as weekly momentum indicators have provided a buy crossover, hence, we recommend buying it for the target of 12,400 with a stop loss of 12,225.
ONGC: BUY | TGT: Rs 136 | SL: Rs 124
The stock has formed a triangular pattern in its wave B of a bounce and with a clear buy crossover
